Packers Plus and Schlumberger Enter Into Global Alliance

CALGARY, April 15, 2016 /CNW/ - Packers Plus and Schlumberger have entered into a global alliance, enabling the two oilfield service companies to become channel partners in key markets around the world.

"By combining the strength of Packers Plus' technologies in multi-stage completions with Schlumberger's impressive customer footprint, our two companies will be able to rapidly deliver best-in-class solutions to a wide variety of operators around the world," said Packers Plus President, Ian Bryant.

As part of the alliance, Schlumberger will sell Packers Plus' technology internationally and Packers Plus will sell complementary Schlumberger technology in Canada.

This agreement will help create new opportunities in this low oil price environment, as the alliance enables both companies to capitalize on their complementary strengths and drive their investments and efforts to deliver greater value to operators around the world. The alliance allows for each organization to maintain autonomy and preserve an independence that allows for continued personalized customer service.

Packers Plus Energy Services Inc. is an innovator of multi-stage completion systems and an industry leader in designing and manufacturing solutions for a variety of completion challenges. The privately held company, based in Canada, has run over 15,000 completion systems, accounting for over 224,000 fracture stages since it started operations in 2000. Today, Packers Plus has employees in 30 offices in Canada, the United States and internationally to maintain an influential role in key markets. The company has stayed true to its roots—an innovative company with a focused niche, enabling it to be one of the best in the industry. More information is available at www.packersplus.com.

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 95,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015. For more information, visit www.slb.com.